Africa Energy Corp V.AFE

Alternate Symbol(s): HPMCF

Energy Oil & Gas E&P

Africa Energy Corp. is a Canada-based oil and gas exploration company focused on South Africa. The Company owns approximately 49% of the common shares and 100% of the Class B shares in Main Street 1549 Proprietary Limited (Main Street 1549), which holds a 10% participating interest in the Exploration Rights for Block 11B/12B offshore the Republic of South Africa (Block 11B/12B). Block 11B/12B is located in the Outeniqua Basin approximately 175 kilometers (km) off the southern coast of South Africa. The block covers an area of 19,000 square kilometers (Km2) with water depths ranging from 200 meters in the north to 1,800 meters in the south.

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Africa Energy Corp

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Post by puntabeachon Jun 04, 2013 2:30am

200 Views

Post# 21495104

Joint Venture Partnership

For those who missed it, there is a today's bullish article about the parent company, Africa Oil under AOIFF ticker at Yahoo/finance. The link is below.

https://seekingalpha.com/article/1476611-5-speculative-energy-plays-with-near-term-catalysts-for-the-thrill-seeking-investors

As of the latest news Horn continues to investigate potential joint venture partnerships and also is reviewing new venture opportunities in the region. I believe Horn needs to bring a MARATHON-size company like AOIFF did. A small company without sufficient funds and/or access to a rich credit line will not help.

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